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Posted: **Sun Jun 05, 2022 7:13 pm**

: Refer The Following Table Net Sales All Credit Liabilities To Total Assets Income Taxes Profit Average Collection Peri 1 (28.76 KiB) Viewed 36 times

: Refer The Following Table Net Sales All Credit Liabilities To Total Assets Income Taxes Profit Average Collection Peri 2 (33.83 KiB) Viewed 36 times

Refer the following table Net sales (all credit) Liabilities to total assets Income taxes Profit Average collection period PPE asset turnover Inventory turnover $129,000 Expenses (including taxes of 40%) Current ratio 2 to 1 Total asset turnover Retained earnings, Jan. 1, 2020 $ 17,500 D Required: Complete the balance sheet for Hope Bicycle Recycle Corporation (Round your intermediate answer and final answer to nearest whole number. Use 365 days a year.) Selected Financial Information for Hope Bicycle Recycle Corporation From Fiscal 2020 $675,000 1 to 2 $4,000 $ 51,000 65.18 days 3 times 5 times 1.5 times
Required: Complete the balance sheet for Hope Bicycle Recycle Corporation. (Round your intermediate answer and final answer to nearest whole number. Use 365 days a year.) HOPE BICYCLE RECYCLE CORPORATION Balance Sheet December 31, 2020 4 Assets Cash Accounts receivable net Inventory Plant and equipment net Total assets Liabilities and Equity Current liabilities 12% bonds payable Common shares Retained earnings Total liabilities and equity $